Analysts warn of a deepening energy crisis as global gasoline and diesel inventories near critical lows ahead of summer travel season.
Producer prices soared 1.4% in April, led by a 15.6% spike in gasoline, the largest monthly increase since March 2022.
Brent crude surges over 70% in 2026, but gasoline prices may not follow linearly due to refinery bottlenecks and geopolitical risks.
Rising gasoline prices reignite inflation fears, with consumers cutting consumption 8% year over year as prices surge.